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Insur is looking for deals with family offices to invest in Madrid
22 April 2019 | Vanessa Sousa

The short-term plans for real estate company Insur include forming partnerships with Andalusian family offices in order to embrace large projects in Madrid.

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Sources from the company told Spanish newspaper El Confidencial that Insur’s future co-financed projects should focus on three different sectors: housing, offices and retail.

This type of real estate financing is not new for the real estate company. The Madrid Río Park is a successful example which provides Insur the confidence to bet on this type of partnership again. This business park will open its doors in September and has already sold half its area and the other half is leased to BNP Paribas. It should be noted, that, in total, this asset has 27.392 sqm.

The real estate company, which operates mainly in Andalusia, thus intends to increase its portfolio in the Spanish capital. And in the future, it will also look into reinforcing its housing portfolio. Between 2019 and 2021, the company led by Ricardo Pumar should deliver 2.500 new houses and generate, with these operations, around 650 million euro.